Potential impact in Denver of second Amazon headquarters

DENVER -- The retail giant Amazon announced Thursday that Denver is among the top 20 cities in consideration for the second headquarters for the company.

All over the Denver metro area, there are construction cranes and congested commutes. Denver is thriving, with more people moving in every day.

Amazon has said it would create 50,000 high-paying jobs with its second headquarters.

People are split on the idea.

“I think it’s great. We’re going to have a lot more jobs,” Tamara Rimpley said.

“I honestly think it’d be a bad thing for the city,” Wayne Lewis said. “The traffic problems will be worse.”

“It’d be great, however, I’m torn. Because we need our roads widened,” Judy Tointon said.

RE/MAX Real Estate broker Cynthia Parker said the Denver housing market is close to record low inventory. If HQ2 comes to Denver, expect to pay more as demand outweighs supply.

“The only con is that the prices go up. When there’s increased demand, the landlords and sellers can set their price,” Parker said.

But on the positive side, Parker said people looking to sell their home might get top dollar.

“I think our roadways can handle it, but we do need additional infrastructure and we do need improvements,” Colorado Department of Transportation spokeswoman Tamara Rollison said.

She said the improvement projects depend on available funding.

Rollinson said CDOT continues to plan improvements that will better manage traffic, including Express Lanes and technology enhancements to make the best use of the capacity it has.

For Parker, she sees the HQ2 potential as a positive addition that will boost the local economy.

“We’ll have more people paying taxes, more people consuming and that will I think really do wonders to our community,” Parker said.

AlertMe